Australia's Macquarie Bank raised A$1.1bn (€654m) from the flotation just seven months after buying the group from Swedish private equity firm Industri Kapital for $1.7bn (€1.4bn). The so-called "quick flip" flotation is among the fastest on record.

Macquarie headed a consortium which bought Dyno Nobel last September and has since sold the company's European and African assets for $685m to rival Australian explosives firm Orica.